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RBI Governor Shaktikanta Das addressed the World Economic Forum (WEF) in Davos, Switzerland, emphasizing that India's efforts to globalize the rupee are not meant to replace the dollar.
Reserve Bank of India (RBI) Governor Shaktikanta Das said that it is incorrect to say that there was a move towards de-dollarisation as the efforts of the central bank towards internationalisation of the rupee are not aimed at replacing the dollar.
As BRICS expands its membership, the global geopolitical and economic landscape is complex and cannot be viewed from simplistic binaries or prisms. At the same time, it is important not to lose sight of certain geopolitical realities.
China has begun to conduct cross-border crude oil settlements in digital yuan. The China National Petroleum Corporation (CNPC) has recently bought 1 million barrels of crude oil using the nation's digital currency, according to the Chinese press.
ABOUT RM58bil of Malaysia’s trade with three trading partners is transacted in ringgit, says Datuk Seri Anwar Ibrahim.